§ 1. _General analysis_:--The economic in relation to happiness, 487; relation to character, 488; social aspects, 491. § 2. _The problem set by the new economic order_:--Collective and impersonal organizations, 495; readjustments required, 496. § 3. _The agencies for carrying on commerce and industry_:--Early agencies, 497; the business enterprise, 498; the labor union, 499; reversion to group morality, 500; members and management, 500; employer and employed, 501; relations to the public, 502; to the law, 503. § 4. _The methods of production, exchange, and valuation_:--The machine, 507; basis of valuation, 508. § 5. _The factors which aid ethical reconstruction_:--Principles more easily seen, 511. XXIII. SOME PRINCIPLES IN THE ECONOMIC ORDER 514 1. Wealth subordinate to personality, 514. 2. Wealth and activity, 514. 3. Wealth and public service, 515. 4. A change demanded from individual to collective morality, 517. 5. Personal responsibility, 519. 6. Publicity and legal control, 520. 7. Democracy and distribution, 521. XXIV. UNSETTLED PROBLEMS IN THE ECONOMIC ORDER 523 § 1. _Individualism and socialism_:--General statement, 523; equal opportunity, 526. § 2. _Individualism or free contract analyzed; its values_:--Efficiency, 527; initiative, 527; regulation of production, 528. § 3. _Criticisms upon individualism_:--It does not secure real freedom, 528; nor justice, 530; competition tends to destroy itself, 531; position of the aristocratic individualists, 532. XXV. UNSETTLED PROBLEMS IN THE ECONOMIC ORDER (CONTINUED) 536 § 4. _The theory of public agency and control_, 536. § 5. _Society as agency of production_:--Charges against private management, 537; corruption, 538; conditions of labor, 540; collective agency not necessarily social, 544. § 6. _Theories of just distribution_:--Individualistic theory, 546; equal division, 547; a working programme, 548. § 7. _Ownership and use of property_:--Defects in the present system, 551. § 8. _Present tendencies_:--Individualistic character of the Constitution, 554; increased recognition of public welfare, 555; social justice through economic, social, and scientific progress, 557. § 9. _Three special problems_:--The open versus the closed shop, 559; the capitalization of corporations, 561; the unearned increment, 564. Appendix: Prof. Seager's programme of social legislation, 566. XXVI. THE FAMILY 571